Category Risk-what and how Consequence can it happen Risk Register Likelihood Existing Controls Level of Risk Risk Priority Risk Possible Treatment Options Risk Treatment Schedule and Plan Preferred Options Person Responsible for Implementation Resources Required Timeframe Answer the activity in as much detail as possible. 1. To complete the following activities, you should choose and refer to a risk that could occur in your industry. You are required to prepare to lead a business meeting with relevant stakeholders. To plan for this meeting, you must prepare a risk treatment action plan to demonstrate that you are able to take the appropriate action when treating 2 business risk using the templates provided When preparing your risk treatment action plan, you must: Outline the risks selected Determine the overall objective Outline tasks required to treat the risk List the resources you will require Determine an appropriate timeframe List the people who will be responsible or involved. a) Complete the Risk Register Template b) Complete the Risk Treatment Schedule and Plan 3. As a final task, you must evaluate how your risk management process went. You should produce a written report to document this. Within your report, you must outline the progress made during the meeting and ensure your report will be relevant to both external and internal stakeholders who have an interest in the process of risk management. The report must include: Detail of the overall objective Details of the risk management action plan Any unresolved risk issues Details of what went well during the meeting Details of where improvement in risk management could be made in the future A summary of the final outcomes. 2. This activity requires observation. As a roleplay activity, you must lead a business meeting with a small group of your peers who will play the role of relevant stakeholders, and present the action plan your developed in Question 1. During the meeting with the stakeholders, you must: Demonstrate that you have planned and developed a risk management action plan that you can share with the relevant stakeholders Demonstrate that you have planned and developed concise content that is appropriate and relevant Demonstrate that you have followed any relevant organisational and legislative requirements. During the meeting, you should work in collaboration with your peers, use problem-solving skills to negotiate and resolve any risk challenges that are identified, and acknowledge stakeholder input if necessary. Your meeting should be no longer than 15 minutes. The Assessor Observation Report will outline the criteria you will be assessed on.